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James Alpha Global Real Estate Invsmts A (JAREX)

19.78 Up 0.26(1.33%) Oct 20

Profile as of Sep 29, 2014Get Profile for:
James Alpha Global Real Estate Invsmts A
Saratoga Advantage Trust4020 South 147th Street, Suite #2Omaha, Nebraska 68137
Map
Phone: 800-807-3863
Fund Overview 
Category:Global Real Estate
Fund Family:Saratoga
Net Assets:346.07M
Year-to-Date Return:4.41%
Yield:4.93%
Morningstar Rating:3 stars
Fund Inception Date:Oct 26, 2009
Morningstar Style Box 
Global Real Estate
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Management Information 
Andrew J. Duffy
Lead Manager since Oct 26, 2009
Mr. Andrew J. Duffy, CFA, is the President of the Ascent Investment Advisors, LLC and senior portfolio manager of the Portfolio. Mr. Duffy has 20 years of global real estate securities experience in the private and public markets. From January 2008 through February 2009, Mr. Duffy was a Managing Director with Citigroup Principal Strategies, where he managed a long/short portfolio of global real estate securities. From February 2006 until December 2007, he was with Hunter Global Investors, L.P. where he was the Co- Portfolio Manager. From 1999 to 2006, he was a Portfolio Manager at TIAA-CREF. Between 1993 and 1999, Mr. Duffy was a Senior Research Analyst at Eagle Asset Management, where he launched and managed a dedicated real estate securities investment program in which he was responsible for fundamental analysis, security selection, portfolio construction and the covered call option writing strategy. His other professional experience includes being a Partner at Raymond James & Associates where, as an investment banker, he managed public offerings and advised on mergers and acquisitions. Prior to his career in investments, Mr. Duffy served for five years as an officer in the United States Army, where his assignments included serving as a detachment commander in the 7th Special Forces Group and as company executive officer and platoon leader in the 82nd Airborne Division. Mr. Duffy received a B.S. in electrical engineering from the United States Military Academy at West Point in 1979 as a Distinguished Graduate (top 5% of class) and an M.B.A. from Harvard Business School in 1986. He earned the Chartered Financial Analyst designation in 1996.
Investment Information 
Min Initial Investment:2,500
Min Initial Investment, IRA:N/A
Min Initial Investment, AIP:2,500
Min Subsequent Investment:N/A
Min Subsequent Investment, IRA:N/A
Min Subsequent Investment, AIP:100
JAREX can be purchased from 45 brokerages.

Fund Summary 
The investment seeks total return through a combination of current income and capital appreciation. The Portfolio's strategy is to invest exclusively (other than cash and cash equivalents) in publicly-traded real estate investment trusts, including REIT preferred stock, and other publicly-traded real estate securities that are included in the FTSE EPRA/NAREIT Developed Real Estate Index (the "index"). The index may include securities of any issuer that derived in the previous full fiscal year at least 75% of its total earnings before interest, depreciation and amortization ("EBIDA") from the ownership, trading and development of income-producing real estate.

Fund Operations 
Last Dividend (Sep 25, 2014) : 0.03
Last Cap Gain : 0.00
Annual Holdings Turnover (Oct 16, 2014) : 208.00%
Average for Category:36.07%
Fees & Expenses 
ExpenseJAREXCategory Avg
Annual Report Expense Ratio (net):2.75%1.42%
Prospectus Net Expense Ratio:2.44%N/A
Prospectus Gross Expense Ratio:2.10%N/A
Max 12b1 Fee:0.25%N/A
Max Front End Sales Load:5.75%5.41%
Max Deferred Sales Load: N/A2.08%
3 Yr Expense Projection*:1,226610
5 Yr Expense Projection*:1,668972
10 Yr Expense Projection*:2,8921,976
* Per $10,000 invested